Rate-regulated Activities – International Accounting Standards Board
The IASB met on December 14, 2023, to redeliberate the proposals on the unit of account and on offsetting of regulatory assets and regulatory liabilities for presentation purposes in the Exposure Draft Regulatory Assets and Regulatory Liabilities; to redeliberate the presentation proposals set out in paragraphs 67–68 and 70 of the Exposure Draft and the proposed amendments to IAS 1 Presentation of Financial Statements set out in Appendix D of the Exposure Draft; to discuss its plan to redeliberate other proposals in the Exposure Draft. Those proposals relate to items affecting regulated rates only when related cash is paid or received and to redeliberate a specific topic included in the plan. This topic relates to the measurement and presentation of items affecting regulated rates only when related cash is paid or received—set out in paragraphs 59–66 and 69 of the Exposure Draft.
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